The Chairman of the Bank's Board of Directors, CEO of the National Bank of Algeria (BNA), Mohamed Lamine Lebbou announced that the BNA subsidiary in Senegal, the Algerian Senegalese Bank, has obtained the agr& advice of the Senegalese monetary authorities. It thus becomes the first Algerian public bank authorized to operate abroad.

Lebbou announced in a statement that “on 11 April, the Algerian Senegalese Bank obtained the approval of the Senegalese authorities signed by the Senegalese Minister of Finance, thus becoming the first bank. 100% Algerian approved abroad.” According to him, the operation took place in two phases. The first at the level of the Finance Committee of the Central Bank of West African States (BCEAO) in Côte d'Ivoire, and the second in Senegal where they explained their investment strategy, which was accepted without reservations. The Chairman of the Bank's Board of Directors, CEO of the BNA, considered that the Algerian Senegalese bank “will begin its activity after the procedures necessary for the effective opening of the Agency have been followed, i.e. before next September.” The bank's capital is estimated at 100 million dollars.

For him, the approval obtained is very important because it confirms the strength of Algerian skills in compiling a complete file and organizing all the necessary deliberations.